Sinodata Co., Ltd. (SZSE:002657) announces a share repurchase program. Under the program, the company will repurchase up to CNY 40 million worth of its ordinary A shares. The shares will be repurchased at a price not more than CNY 21.68 per share.

The repurchases will be funded from its own fund. All the shares repurchased under the program will be used to implement employee stock ownership plans, equity incentives. The repurchase program is valid for a period of 12 months from the date of approval.